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Mortgage broker |
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Mortgage brokerAn independent agent who shops around for the best mortgage deal on behalf of his clients.Mortgage BrokerOne who, for a fee, brings together a borrower and lender, and handles the necessary applications for the borrower to obtain a loan against real property by giving a mortgage or deed of trust as security. Also called a loan broker.Mortgage brokerA person or company engaged in the arrangement of mortgages for buyers. The broker is usually paid a commission by the lender.Mortgage brokerA company or individual that places mortgage loans with lenders, but does not originate or service loans like a mortgage banker.Mortgage broker Similar MatchesMortgage ServicingMortgage ServicingControlling the necessary duties of a mortgagee, such as collecting payments, releasing the lien upon payment in full, foreclosing if in default, and making sure the taxes are paid, insurance is in force, etc. Servicing may be done by the lender or a company acting for the lender, for a servicing fee. Senior mortgage bondSenior mortgage bondA bond that, in the event of bankruptcy, will be redeemed before any other bonds are repaid. Council of Mortgage LendersCouncil of Mortgage LendersAn institution that sets out code a code of good practice which mortgage lenders volunteer to stick to - they are not regulated by the government. Wraparound mortgageWraparound mortgageA loan to a buyer for the remaining balance on a seller's first mortgage and an additional amount requested by the seller. Payments on both loans are made to the lender who holds the wraparound loan. Federal National Mortgage AssociationFederal National Mortgage Association(Fannie Mae): A tax paying corporation created by Congress to support the secondary mortgage market. It purchases and sells residential mortgages insured by FHA or guaranteed by VA as conventional home mortgages. Further SuggestionsLehman Brothers Adjustable Rate Mortgage IndexVeterans Administration (VA) mortgage Residential mortgage Federal National Mortgage Association Guarantee mortgage Consolidated mortgage bond Chattel Mortgage Repayment mortgage Mortgage application Mortgagee Take back mortgage GEM (growing equity mortgage) Non status mortgage Fixed term reverse mortgage H Hard Money Mortgage graduated payment mortgage reverse annuity mortgage mortgage interest relief at source Graduated Payment Mortgage Mortgage Stepped fixed rate mortgage Collateralized mortgage obligation (CMO) Junior mortgage Purchase money mortgage capped rate mortgage |
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